Operators in the Farm and Construction Machinery Wholesaling industry have faced fluctuating conditions over the past five years. Demand from the Agriculture division increased due to rising farm incomes, which promoted greater demand for wholesale farming machinery. Demand from construction displayed strong growth over the three years through 2014-15 on the back of significant growth in heavy and civil engineering construction. Overall industry revenue is expected to grow at an annualised 1.6% over the five years through 2017-18, to reach $23.8 billion. This includes an expected decline of 1.8% in the current year, due to a projected drop in dwelling commencements and a significant decline in activity in the heavy industry construction market over the two years through 2017-18...read more.

Industry Report - Industry SWOT Analysis Chapter

The Farm and Construction Machinery Wholesaling industry is in the mature phase of its life cycle. Over the 10 years through 2022-23, the industry is anticipated to underperform the overall economy. Minimal product innovation is expected to arise as firms increasingly consolidate and establishment numbers fall. However, the industry does not appear to be approaching the decline phase of the cycle, as it remains a major part of the supply chain.Industry value added (IVA) measures the industry's contribution to the overall economy. IVA is forecast to grow at an annualised 1.9% over the 10 years through 2022-23. Comparatively, GDP is forecast to grow at an annualised 2.5% over the same period. Thi...purchase to read more.

Additional Insights for the
Farm and Construction Machinery Wholesaling
Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Farm and Construction Machinery Wholesaling Industry are

Having a good technical knowledge of the product

Having an extensive distribution/collection network

Effective cost controls

IBISWorld analysts also discuss how external factors such as Demand from construction and Private capital expenditure on machinery and equipment in the Farm and Construction Machinery Wholesaling industry impact industry performance..

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“IBISWorld grants access to abundant information on industries which we have credit exposure in allowing for a quick and easy source for trends, key issues, risks, opportunities, competitive environment and overviews, all of which is updated frequently and presented in consistent formats.”

- BB&T

“Synovus... has incorporated the use of third-party trade and market data to gain insight into the performance and cash needs of its customers. For instance, it studies market reports from more than 700 industries by research company IBISWorld to better determine loan opportunities.”

- Synovus Financial Corporation

“Just wanted to let you know that our students really love IBISWorld. I cannot tell you how many times it was the only place to pull up data on small industries and the Risk Rating is wonderful.”

- Rice University

“Since TradingPartners started working with IBISWorld, we have been able to build upon our category knowledge providing a deeper dive into all the interrelated factors that affect each market, especially regarding global impacts to the US market.”

- TradingPartners

“IBISWorld is an extremely powerful resource for audit planning from a risk perspective (SAS 104-111), client closing interviews to demonstrate industry knowledge as a trusted advisor, and client prospecting for understanding the industry to help win new accounts.”

- Rothstein Kass

“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”

- Applied Marketing

“We have utilized IBISWorld industry reports for several areas within our testing at [Client name withheld for privacy]. Whether it be the testing of goodwill/intangible revenue projections or testing the actual revenues for the current year, we have found IBISWorld to be of great use.”

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IBISWorld’s Farm and Construction Machinery Wholesaling market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Includes the necessary information to perform SWOT, PEST and STEER analysis.

Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.

Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Farm and Construction Machinery Wholesaling market research report includes:

Historical data and analysis for the key drivers of this industry

A five-year forecast of the market and noted trends

Detailed research and segmentation for the main products and markets

An assessment of the competitive landscape and market shares for major companies

And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Farm and Construction Machinery Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.